The housing market in La Fayette, AL is booming. The median value of houses in the area is currently at $117,700 and has experienced a 1 year appreciation rate of 11.26%, much higher than the US House median value of $338,100 and national appreciation rate of 8.27%. With such strong growth, it's no wonder why so many people are investing in La Fayette real estate.
The median home cost in La Fayette is $117,700. Home appreciation the last 10 years has been 66.2%. Home Appreciation in La Fayette is up 13.5%.
Average Age of Homes
- The median age of La Fayette real estate is 44 years old
The Rental Market in La Fayette
- Renters make up 42.5% of the La Fayette population
- 1.5% of houses and apartments in La Fayette, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.